Packaged Chicken Market Trends and Forecast
The future of the global packaged chicken market looks promising with opportunities in the household, restaurant, and supermarket markets. The global packaged chicken market is expected to grow with a CAGR of 11.3% from 2024 to 2030. The major drivers for this market are increase in ready-to-cook & pre-marinated chicken products, rising preference for lean and organic chicken options, and growing emphasis on hygienic & properly packaged chicken products.
• Lucintel forecasts that fresh is expected to witness the higher growth over the forecast period.
• Within this market, household is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Tyson Foods announced a partnership with a government-backed program to improve packaging sustainability, aligning with consumer demand for eco-friendly packaging options.
Brazil: BRF SA launched a new line of premium packaged chicken products targeting higher-income consumers and supporting government export targets.
China: Yum China Holdings introduced innovative packaging designs for its fast-food chicken products, focusing on convenience and meeting government food safety standards.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged Chicken by Segment
The study includes a forecast for the global packaged chicken by type, application, and region.
Packaged Chicken Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fresh
• Frozen
Packaged Chicken Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Household
• Restaurant
• Supermarket
• Others
Packaged Chicken Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged Chicken Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged chicken companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged chicken companies profiled in this report include-
• Tyson Foods
• Venkys
• Pilgrim’s Pride
• Perdue
• Koch Foods Sanderson Farms
• Delightful Gourmet
• Ingham’s Group Limited
• Foster Farms
• ConAgra Foods
• Springer Mountain Farms
Recent Development in the Packaged Chicken Market
Tyson Foods: Tyson Foods has introduced a new initiative focused on improving packaging sustainability in the Global Packaged Chicken Market. This initiative aligns with consumer preferences for eco-friendly packaging options and supports Tyson FoodsÄX%$%X commitment to environmental stewardship. By implementing sustainable packaging practices, Tyson Foods aims to reduce its environmental footprint and meet the growing demand for sustainable food packaging solutions.
BRF SA: BRF SA, a major player in the Global Packaged Chicken Market, has launched a new line of premium packaged chicken products. This initiative targets higher-income consumers and aims to capture a larger share of the premium chicken market segment. By offering high-quality and premium packaged chicken products, BRF SA aims to boost sales and profitability while catering to the preferences of discerning consumers.
Yum China Holdings: Yum China Holdings, known for its fast-food chicken products, has introduced innovative packaging designs to enhance convenience and meet government food safety standards. This initiative reflects Yum ChinaÄX%$%Xs commitment to delivering safe and convenient packaged chicken products to consumers. By investing in packaging innovation, Yum China aims to maintain its competitive edge and drive growth in the Global Packaged Chicken Market.
Cargill: Cargill has launched a sustainability initiative focusing on reducing food waste in the Global Packaged Chicken Market. The company aims to minimize waste throughout the supply chain, from production to packaging and distribution. By implementing efficient packaging practices and optimizing packaging materials, Cargill aims to contribute to a more sustainable food system and address environmental challenges associated with food waste.
Features of the Global Packaged Chicken Market
Market Size Estimates: Packaged chicken market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged chicken market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaged chicken market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaged chicken market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged chicken market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for packaged chicken market?
Answer: The global packaged chicken market is expected to grow with a CAGR of 11.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the packaged chicken market?
Answer: The major drivers for this market are increase in ready-to-cook & pre-marinated chicken products, rising preference for lean and organic chicken options, and growing emphasis on hygienic & properly packaged chicken products.
Q3. What are the major segments for packaged chicken market?
Answer: The future of the packaged chicken market looks promising with opportunities in the household, restaurant, and supermarket markets.
Q4. Who are the key packaged chicken market companies?
Answer: Some of the key packaged chicken companies are as follows:
• Tyson Foods
• Venkys
• Pilgrim’s Pride
• Perdue
• Koch Foods Sanderson Farms
• Delightful Gourmet
• Ingham’s Group Limited
• Foster Farms
• ConAgra Foods
• Springer Mountain Farms
Q5. Which packaged chicken market segment will be the largest in future?
Answer: Lucintel forecasts that fresh is expected to witness the higher growth over the forecast period.
Q6. In packaged chicken market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged chicken market by type (fresh and frozen), application (household, restaurant, supermarket, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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